BR
发帖数: 4151 | 1 http://blogs.barrons.com/techtraderdaily/2011/06/22/renn-jp-mor
There are plenty of reasons not to sell the stock, writes Ji. They include
the fact that over one third of its present market cap is reflected in its $
1.2 billion net cash position. Also, there’s lots of growth to be had, with
social networking only having reached about half the Chinese online
population, versus about 70% in the U.S. And only 0.7% of Renren’s active
users are currently paying, “implying ample upside.”
And “Renren is the most trafficked real-name SNS platform in China,”
writes Ji, “with 122mn activated accounts and over half of the SNS user
market in China, yet only a quarter of China’s online users have Renren
accounts.” | s*****w
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